Nifty opened with a huge downward gap and witnessed selling in the initial half of the session - Jainam Broking Limited
Nifty
Nifty opened with a huge downward gap and witnessed selling in the initial half of the session. However, in the second half, buying momentum pulled index higher to close near day's high.. Nifty closed at 24033 with a loss of 87 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24100 level it would witness buying which would lead the index towards 24350-24500 levels. Important Supports for the day is around 23880 However if index sustains below 23880 then it may witness profit booking which would take the index towards 23800-23700 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
